Two representative teams from Tron Europe (one of Tron’s Super Representative nodes) and the Tron Weekly Journal met last weekend in Berlin. We had previously announced a strategic partnership that will see the Tron Weekly Journal become Tron Europe’s exclusive media representative.
After both teams and all the important Tron Europe community members got together, shared some steaks, pizza, and legendary German beer, two new projects were announced by Tron Europe: Timer Guard Box and DVMarketplace. In this article, we give you the essential information you need to know about both new projects.
Timer Guard Box
It’s an exciting project. Essentially, it’s a digital time capsule powered by a blockchain.
It’s a multifunctional platform that stores valuable information. The unique thing about this application is that the data can be accessed only at some predetermined times, or when a given condition is met. So you could call it a simple timer if you’d wish, but it’s so much more subtle and interesting than that. It’s more like a smart contract that anyone can use, and you don’t need to write code beforehand.
You can store any digital object you want inside the “capsule.” Once it’s in, it will remain unreachable until the specified time arrives (or the condition is met) and it becomes available again.
So what’s so special about a simple timer, I hear you ask? Well, I’m glad you did. You could fool a timer by, say, resetting the time settings on your computer. But you can’t fool a blockchain, hard as you may try. The fulfillment of the condition will be guaranteed by a blockchain network (Tron’s blockchain network, in this case). So nobody in the world will be able to fiddle around with the content and squeeze it out unless the condition is met.
DVMarketplace will develop a decentralized marketplace built on the enormous potential of the cryptocurrency payments system. That would enable planetary access to blockchain-based trading for private and business investors and users.
One of cryptocurrency’s most apparent use-cases is as a global payment system. That’s Bitcoin’s main application so far (even more so than wealth storage), and in that regard, it’s already as big as Mastercard or Visa in volume. Since that potential is proven in blockchains and cryptocurrencies, it’s a logical next step to develop a platform that seizes power in that application.
The project includes a Tron-based digital asset (DVM), and that’s where it will all start –with the launch of an ICO to fund the project through DVM. This will be possible because there are 200.000.000,00 DVM tokens ready to be released. The starting value will be of 1 Tronix (TRX) per DVM. But if you hold TERC (which is Tron Europe’s Tron-based token), you’ll get twice as many DVM!
Once the soft-cap goal is met, DVM tokens will be issued to investors. If the soft-cap isn’t met all investments will be given back.
The platform will be built on blockchain technology, which guarantees transparency and reliability. Since it will be Tron’s blockchain, it will also be fast and cost-effective to use. Also, the project will be isolated from volatility in the cryptocurrency market by using USDT, the Tether stablecoin which is now an integral part of the Tron network.
So Tron Europe will be supporting the development on both projects and the Tron Weekly Journal will be spreading the good news on its behalf.
[Images courtesy of Tron Europe]
Disclaimer: Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.